BJ’s Restaurants (BJRI) Reaches New 12-Month High at $75.80

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Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.80 and last traded at $75.70, with a volume of 282042 shares traded. The stock had previously closed at $73.90.

BJRI has been the topic of several research analyst reports. Stephens restated a “buy” rating and issued a $70.00 price target on shares of BJ’s Restaurants in a research report on Friday, July 20th. Zacks Investment Research lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. BidaskClub raised shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Stifel Nicolaus raised their price objective on shares of BJ’s Restaurants from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, Maxim Group initiated coverage on shares of BJ’s Restaurants in a report on Wednesday, August 22nd. They set a “buy” rating and a $81.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. BJ’s Restaurants currently has a consensus rating of “Buy” and a consensus target price of $59.58.

The firm has a market capitalization of $1.59 billion, a P/E ratio of 53.51, a PEG ratio of 2.34 and a beta of 0.73. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.15. The company had revenue of $287.63 million during the quarter, compared to the consensus estimate of $283.22 million. BJ’s Restaurants had a net margin of 5.35% and a return on equity of 15.76%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. equities analysts predict that BJ’s Restaurants, Inc. will post 2.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Monday, August 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, August 10th. BJ’s Restaurants’s payout ratio is 31.21%.

In related news, CEO Greg Trojan sold 27,069 shares of BJ’s Restaurants stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $74.74, for a total transaction of $2,023,137.06. Following the completion of the transaction, the chief executive officer now directly owns 64,783 shares of the company’s stock, valued at approximately $4,841,881.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kendra D. Miller sold 5,000 shares of BJ’s Restaurants stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $64.00, for a total transaction of $320,000.00. Following the transaction, the vice president now directly owns 10,733 shares of the company’s stock, valued at $686,912. The disclosure for this sale can be found here. Insiders have sold a total of 289,515 shares of company stock valued at $20,863,862 over the last ninety days. 6.80% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Martingale Asset Management L P lifted its holdings in BJ’s Restaurants by 2.1% during the 2nd quarter. Martingale Asset Management L P now owns 38,614 shares of the restaurant operator’s stock valued at $2,317,000 after purchasing an additional 802 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in BJ’s Restaurants by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 6,868 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 942 shares during the last quarter. Swiss National Bank lifted its holdings in BJ’s Restaurants by 3.3% during the 1st quarter. Swiss National Bank now owns 31,600 shares of the restaurant operator’s stock valued at $1,419,000 after purchasing an additional 1,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in BJ’s Restaurants by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,970 shares of the restaurant operator’s stock valued at $658,000 after acquiring an additional 1,503 shares in the last quarter. Finally, Brinker Capital Inc. increased its position in BJ’s Restaurants by 13.2% in the 1st quarter. Brinker Capital Inc. now owns 12,920 shares of the restaurant operator’s stock valued at $580,000 after acquiring an additional 1,504 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

BJ’s Restaurants Company Profile (NASDAQ:BJRI)

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of June 12, 2018, the company owned and operated 200 casual dining restaurants located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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